Chapter 612 A Little Accident

After the document was released, Lin Hong received some feedback one after another, but he basically asked for the technical details in the document.

After all, there are still a few people who can fully understand this document. After seeing it, many people have a lot of questions in their minds, but they are very interested in this thing, so they can't wait to send an email to get an answer.

Although most of the questions are relatively simple, in fact, the answers can be found directly in the article, but Lin Hong still replied one by one and patiently answered them for everyone.

When replying, it is also a process of thinking over and over again to make your thinking clearer.

Someone asked: "If there is no strong organization or institution to guarantee this currency, how can we make everyone trust this currency?" A currency that cannot be trusted cannot be called a currency at all.

Lin Hong replied, "Everyone is the guarantor of Bitcoin. The more people use this currency, the more credible it will be. The purpose of my publicizing it is to let everyone have a thorough understanding of the operation mechanism of Bitcoin, so that everyone can understand that this is a very fair currency, and there is no possibility of cheating.

Lin Hong has begun to write Bitcoin software according to this principle. When the software comes out, he will also open source it, so that everyone can know every line of code of the software at any time.

That is to say, Bitcoin does not have any secrets, and everyone knows it, so that everyone can believe it.

As long as people can understand the underlying mechanism of Bitcoin, they can basically trust it, because this trust is based on strong technical support. There is no gray area.

The structure of Bitcoin is extremely robust and can stand the test, which is much more reliable than the real currency.

Some people also asked: "The article says that the total amount of Bitcoin is fixed, so how are these Bitcoins excavated? With the increase of users, won't it cause deflation?

Lin Hong replied, "This question has actually been explained in my article. Let me explain it in detail here. The total amount of Bitcoin is constant, with a total of 21 million. I designed an algorithm that can adjust the difficulty of Bitcoin being mined according to the computing power of the main network at any time. The greater the computing power, the more difficult it will be. The annual output of Bitcoin is adjusted every four years. That is to say, in the first four years, half of the bitcoins (i.e. 105 million) will be excavated, and then halved every four years will continue to be recursive until the value is zero.

Although the total number is only 21 million, Bitcoin, as a virtual currency, can be divided. After the decimal point of each Bitcoin, there can be up to eight digits. And if it is necessary in the future, it can also be divided into smaller units, so there is no need to worry about the lack of Bitcoin.

As for whether there will be deflation, I can't predict this for the time being. The only thing that can be sure is. This is a currency that can continue to appreciate. The earlier you enter, the less difficult it will be. This is in line with the laws of nature, isn't it?

Then, Lin Hong answered some other people's plans.

In the end, he also saw Eric's problem. Because Eric is the founder of this group and uses his real ID, Lin Hong knows him.

In response to Eric's question, Lin Hong focused on replying. After all, he is the boss of the crypto punk organization, which is relatively influential and worth taking care of.

Eric's second question, that is, the question about currency deflation, has been answered before, so it will not be repeated.

Lin Hong answered his first question.

"I don't think there is any need to worry about storage space for the time being. The development speed of the electronics industry is far beyond our imagination. A year ago, dozens of megabytes of hard disks were already very large, but now, this unit has been upgraded to GB. I think that in a while, this unit will be upgraded again. Since the birth of the Internet, information has been increasing, but we never worry that these data will not be saved.

In fact, there is another thing that Lin Hong didn't say, that is, if his super-brain system is announced, the problem of storage capacity can basically be solved. Hard disks built with switching proteins have a much larger capacity than these mechanical hard disks and do not take up much space.

Moreover, Lin Hong has a new hard disk structure design idea, and its storage capacity is many times higher than the current scheme, which is simply a qualitative improvement.

Lin Hong basically gave more detailed and satisfactory answers to these people's questions. After all, his plan has been deduced by him many times. He has thought about the problems they can see on the surface for a long time.

With Lin Hong's answer, there are fewer and fewer emails asking questions later. Everyone can see that the electronic currency idea proposed by GHOSTER is indeed very perfect. This is a very complete solution, which is simply impeccable.

Many people said they were looking forward to seeing its birth, and they would become the first loyal users of this currency.

These people have participated in a lot of monetary experiments before. Unfortunately, these experiments have failed. They really want to see something that can succeed and prove that their previous ideas are not delusional.

Now I have finally seen such a potential plan. I am looking forward to it very much and willing to do my part to help it develop and grow.

After a wave of discussion, Lin Hong was also greatly encouraged.

This shows that his plan is indeed credible and has been recognized by many people. This feeling is very good and refreshing.

In this case, Lin Hong began to write Bitcoin software.

During the period of waiting for feedback, he already had a general framework in his mind. After all, the basic implementation principle has been thoroughly thought out, and he has the programming experience of bit messenger software. There is no threshold for him to implement the Bitcoin client.

When he first started to write a few lines of code, he suddenly found that he had received another email.

This email is not a public email in the discussion group, but a private email sent directly to him.

Lin Hong clicked on it. After reading it, he was stunned. After a little thought, he found that there was indeed a very big loophole in the Bitcoin he designed.

Before, he was immersed in his own design. He was a little fascinated by the authorities and ignored this point.

The 51% attack is indeed a fatal injury to Bitcoin.

Lin Hong looked at the other party's signature at the end of the email and was stunned. It turned out to be him?

At the end of the signature, there are four letters - ESSI?